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TSB to introduce contactless payments

January 20, 2014

TSB is to roll out contactless payments technology to about two million customers as it re-brands its cards. By the end of June, all 2.2 million TSB debit card customers will be able to use the "tap and go" technology. The bank said that new TSB-branded debit cards will replace customers' existing Lloyds TSB-branded cards when they expire in the first half of this year, marking another significant step in the separation. More than 200,000 TSB customers already have cards that can be used to make contactless payments, meaning they can pay by holding their card up to a reader at the till for a transaction of up to pound(s)20 rather than having to enter a PIN. Figures from the UK Cards Association show 36.3 million cards had been enabled with contactless technology by last autumn, and could be used at more than 164,000 terminals.


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Source: Herald, The (Scotland)


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